GBH promotes social projects in Heidenheim
9/13/2007
- € 75,000 for projects in 2007
- GBH is facing up to its social responsibility
GBH will be sponsoring social institutions in Heidenheim with more than € 75,000 this year. "As a housing company we feel particularly called upon when it comes to social commitment," explains Jörg Deisel, Chairman of the Board of GBH AG. "We take on social responsibility vis-à-vis our customers and the community."
At the end of June GBH supported local sports activities and the cultural community with a total of more than €70,000. "These activities demonstrate our local commitment to Heidenheim. GBH will expand its social activities and increasingly promote selected social projects in Heidenheim," announced Deisel. "This is one of our contributions to the social development within the neighborhoods and to the coexistence of all citizens of Heidenheim."
"I am very happy about GBH's enormous support for the social projects in Heidenheim. GBH has fully kept its promise of supporting institutions in Heidenheim with € 150,000 annually," explains Bernhard Ilg, Lord Mayor of Heidenheim. "GBH is promoting the social activities that form an integral part of our local policy here in Heidenheim."
GBH donated € 28,000 towards a social worker position at the mobile youth support team Pro Youth. Another € 28,000 were donated towards a social worker position at a local debt counseling institution. GBH will also donate € 11,000 to the new institution "Prevention" that was set up by the city to support families with problems relating to education, school, and language. Another € 8,000 will go the community center "Altes Eichamt" and other social projects.
The majority of shares in GBH are held by the GAGFAH GROUP. Jörg Deisel explains, "taking on social responsibility is part of our business model." The tenant pro-tection clauses that we have granted in our social charters have become the national benchmark. The GAGFAH Foundation Mensch und Wohnen (People and Living) promotes the coexistence of younger and older generations in our dwellings."
About GAGFAH S.A. and the GAGFAH GROUP
GAGFAH S.A. is a joint stock corporation organized under the laws of the Grand Duchy of Luxembourg qualifying as a securitization company under the Luxembourg Law of March 22, 2004 on Securitization. The most important operating subsidiaries of GAGFAH S.A. are GAGFAH GmbH, NILEG, and WOBA DRESDEN. The core business of GAGFAH S.A.'s operating subsidiaries is the ownership, management and acquisition of a geographically diversified and well maintained residential property portfolio located throughout Germany. With a portfolio of over 167,000 apartments as of March 2007, GAGFAH is the largest German listed residential property company. GAGFAH generates 95 of its earnings from letting residential spaces and is committed towards continuously improving its services. GAGFAH is taking on social responsibility, particularly through special protection clauses in favor of its tenants and through its foundation Mensch und Wohnen (People and Living).